W11 Day 54 of Nana's Internship
Activity
- Continued reviewing the contra account to check whether payments made on behalf of clients matched the bank-in amounts.
- Made corrections in Form B for another client’s personal tax.
- Amended a previous task from Mr. Lim due to the addition of new client expenses.
- Received a new urgent task from Ms. Amber — to key in payroll summary for a new client, as required for the PCB (Potongan Cukai Bulanan) audit.
- Assigned a new task by Mr. Lim to complete the rental income statement for a client.
Key Learning
- Gained experience in identifying and reconciling contra accounts with supporting bank transactions.
- Improved understanding of Form B corrections and the importance of accuracy in tax filings.
- Learned to adjust completed account work when new financial data is provided, emphasizing flexibility.
- Understood the urgency and documentation required for PCB audits, and how to prepare a payroll summary under tight deadlines.
- Learned how to draft and complete rental income statements based on real financial data.
Reflection
Today was quite packed with responsibilities, and although I didn’t
manage to complete all the new tasks, I did take the time to review each of
them carefully. I started by continuing my work on the contra account, checking
if the payments made on behalf of clients matched the corresponding bank-in
records. It took some effort to trace everything properly, but I’m gradually
getting better at identifying discrepancies. I also made corrections in a
client’s Form B and amended some figures in a previous task given by Mr. Lim
after the client submitted new expenses. Then, I received two new tasks
preparing a payroll summary for PCB audit from Ms. Amber and completing a
rental income statement from Mr. Lim. Since both were new and important tasks,
I didn’t rush into them. Instead, I used today to study the documents,
understand what was required, and plan how I will approach them.
Even though I didn’t finish everything, I felt that taking the time to
understand the tasks was necessary, especially since these jobs carry a lot of
responsibility. It was a reminder that sometimes reviewing and planning
carefully is just as important as completing the work itself.
